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on the new collaborative economy. we're interested in it because it has aspects that have piqued our interest, about hoour environment, how to improve life for more people, how to make an expensive city more affordable to more people, how to utilize the strengths of the city as a great tourist city. how we can get more folks to come and experience the wonders of the city. maybe they will make their stake here. these panel members have decided to make their stake here. they risked reputation, may be small amounts of money. if they had a lot of money, they may not have had to start this. they have also done it for the right reasons. they want to experience the city in a different way, but one that is in the tradition of san francisco and is reflective of mine, welcoming more people to share in the economy. hopefully the right reasons will create more jobs and get more entrepreneurs involved. i have often said this can be the city for the 100%. everybody can have a chance to fulfill their dreams and make sure they can have a stable income for themselves and their families. i think we are on the
the economy on both sides of the debate, and felt that it wanted to try my hand at clarifying it. i felt like i needed to make my contribution as best i could, because i done that at bain capital and felt like i need to try something different and it and i had to try to do something that was important. >> host: you mentioned of bain capital. there's a lot of interesting ideas and thoughts in this book. maybe you could tell me where these ideas come from. i these ideas that are developed over a long time from your career in finance? who are your influences in how you think about the economy and what's in the book? >> guest: they probably, it evolves from debates i had with young kids that came out of top schools, came to work for first been consulted and bain capital who wanted to argue economics and politics, and i can't think when you get to be 40 or 45, and i think it evolves from that. but i also benefited greatly from a friendship i had with bruce who is a professor at columbia who i was able to make the arguments to any would frankly say you're right on this but you're stepping on a land
. this is what brought me to the sharing economy. what i was after was a new way to live in a way that i felt i could live fully. what excites me about sharing is how it changes every day like for the better. it empowers us. the economic shift in the new businesses of creating and exchanging value is creating a new cultural narrative. it is replacing an old legacy narrative that was toxic. it told us the go live comes from shopping and competition -- it told us the good life comes from shopping in competition, from being free from each other. we are leading ving this because it has pushed us to the brink of extinction. it has enslaved as to debt. it is boring. it is spiritually empty. there is a news story being born in san francisco. it is one where the more you contribute to the common good, the more you are respected. the better you believe in committee, the more access to what you have -- the better you behave in a community, the more access you have. instead of judging each other, we help each other and realize our greatest potential. we open our world to each other. through doing that, we
, not just access to travel, but also access to the tourism economy that flourishes in the city. >> i just want to address the technology point really quickly. we try and emphasize the human aspect of this, whether it is on the website or whether it is through the iphone app. other people use a device that we built, that lets you share a car more conveniently by letting the richer unlock the car with their smartphone. even with that, we really try to connect the people who are sharing because a lot of people to accept rentals just with the kit and may never meet the people they are sharing with. we tried to encourage the parties to get to know each other, trying to just display your interest or so many things i can think of that our websites due to show who this person really is. they take their photo. i think part of this is about trust, and it is about letting -- the things we do to encourage trust and the things you do as a responsible member of the sharing community to insure you are doing your due diligence as well. when two people -- first off, the one example i want to bring is that
the presidential campaign as the economy continues to falter. >> this country doesn't succeed when only the rich get richer. we succeed when the middle class gets bigger. >> rose: joseph stiglitz is a nobel prize winning economist. in his new book the price of inequality, how today's divided society endangers our future. he argues that a wealthy minority in this country has fed a vicious circle of growing inequality. i'm pleased to have joe stiglitz back at this table. welcome. >> nice to be here. >> rose: where do you think the american economy is today? and is it trending upwards? >> it's not really trending upward. i guess i would describe it as part of-- i call it a long slump, long malaise unless we do something. >> rose: right. >> you know there are two big gaps in our economy, relative to say 2007 before the crisis. one is real estate. real estate was the big sector, the bubble broke and now real-estate investment is half of what it was. no way that that is going to recover soon. the only good news is the houses were shodly constructed and it may be 5 or 10 years we'll have to reconstruct
're in a very slow economy. so i think that in this particular third-quarter earnings period the chance of a good surprise, a meaningful good surprise or a meaningful disappointment, it's pretty low. the street expects poor earnings comparison. that is what we're going to get. whether you are a couple percent decline or a couple percent gain. it's really not that much different. so it's looking ahead. remember earnings are a trailing indicator. >> so are we going to get a surprise or a disappointment you think from alcoa. everybody looks at this as setting thtone for trading as you mentioned. it will be the first dow component to report. it also when you look at the company, it has businesses in autos, aerospace, packaging, construction, so it is kind of a bellwether for the economy. what will those alcoa earnings tell us. >> well, alcoa reports first all the time, obviously. and i don't think that is a good idea to use that as a bellwether for earnings. think of the sector that alcoa is in. materials are going to have some was comparisons, really, energy and materials are going to be t
. but because if you stop an economy growing, then it leaves more people out of work claiming benefits, not paying taxes. businesses struggle so they're not paying taxes. and as a result borrowing goes up. borrowing not to invest in schools, in hospitals, transport and education. but borrowing to keep people idle. so the next time you hear a conservative say to you labour would increase borrowing, just remember it is this government that is increasing borrowing this year. [applause] so what have we seen? we've seen recession, higher unemployment, higher borrowing. people think that's what were promised. now look there will be some people who say, and this is an important argument, they'll be some people who say, well there is short-term pain but it is worth it for the long-term gain. but i'm afraid the opposite is true. you see that the longer you have low growth in our country the bigger the debt hole becomes for the future and the bigger our problems will be in the future. the longer a young person is out of work that is not just bad for their prospects now; it is bad for their prosp
until there's clear evidence this economy is recovering." niemann says the number of jobs may have picked up, but not enough high-paying ones to stimulate consumer spending. that may keep inflation low, which would not drive up gold. but others believe there are too many variables in the world, and that leads others to think gold may be headed higher. "i think looking at the situation in europe and elsewhere, we're in for a year or so of instability and gold could head to two." "two," as in two thousand dollars an ounce. or is that too much? "i think $2000 is probably years away more than months away. it'll take more than a little growth and inflation to get it going." but some portfolio managers say the latest jobs data "put an end to the idea that [quantitative easingwould last forever. as for gold topping $1800, "we've been getting so close but it has turned into a greater line of resistance than we thought." another variable to watch - seasonal factors may come into play and may encourage etfs, exchange-traded funds, to flow into gold at the end of the year. the economy may not
. 1457 -- 1456. our next guest is making a staggering call. he says the world economy may be down for the count. that prognosis by brookings called tiger standing for tracking indice for global economic recovery. political conflict, lack of fiscal decision-making are two of the key reasons for the dire warning. >> how does this factor into the market? in today's "closing bell exchange," cornell university professor and senior fellow at brookings, which authored that very study. also with us are savita from merrill lynch. very strong language in the report, global economic recovery hits the ropes but you do make the point that the u.s. certainly looks better than everyone else. so, the key question is, can the u.s. avoid catching the world's cold? >> that's a literal statement. the u.s. looks better than other xhis in the world but it's not a great spot to be in. with the amount of policy and political uncertainty, the u.s. -- even the u.s. recovery staying strong is certainly not a sure thing. they'll be buffeted by headwinds from abroad because china and india are not doing well.
city with all these events and at the same time we're creating jobs and we're making sure our economy is boosting at the same time. we've been very successful at creating conditions to make sure that our investors and our entrepreneurs in this city maintain their investor confidence, allowing them to innovate, to grow and to create jobs. and whether they are a neighborhood or a small business or an international clean tech company or new technology company, they've got investor confidence in our city. we're also creating investor confidence because we have in working closely with our controller and all the other financial organizations of our city and all of our departments, we're now on a more financially stable responsible path. we've done our pension reform, it's not 100 percent, we've gt a big chunk of it down and we're going to continue doing the smart things to make sure that pension is solid. and we've got structural reforms in our budget as well. we passed our first two-year budget. that's a wonderful accomplishment, one that i'm interested in to continue it make sure we
system for carbon if congress doesn't act. it's a massive tax that could cost the american economy more than half a trillion dollars a year. trillion with a t according to the national association of manufacturers. riley the former republican epa chief says something like that needs to be done. >> i think the epa has been led to a position where it's got to act. >> many disagree. among other things the epa cleanup operations of 40 years ago cost relatively little and most everyone benefits. in contrast an all out effort to lower the temperature of the planet assuming global warming is a real problem that humans can reverse would sheerl be the most complicated and expensive under taking in human history. >> the kinds of pollution in pittsburgh when i was growing up it's gone. i am grateful to that generation of the epa would help to make it happen. >> torpedo wood the epa latest mission reveals not a concern for the environment but a radical agenda that is less about the environment than most americans might image. as you will see later he discovered that in a college freshman dorm far f
the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. lou: the unemployment rate dropping and dramatically. the jobs picture, however, is still stagnant. former cbo director, douglas holtz-eakin, joins us here in just moments to explain all of this and to give us a perspective on the economy going forward. on wall street, stocks finished the nasdaq down about 13 points. for the week, both the dow and s&p up 1% while the nasdaq posted a fractional gain. as i reported, the september unemployment report did come in at 7.8%, down from 8.2%, 114,000 jobs, 10,000 of them government jobs. unemployment is 15% with 23 million americans still unemployed, under employed, or having simply given up looking for work. crude oil dropping again on concerns of slow economic growth. crude oil down a dollar 83 under $90 a barrel. for california, prices statewide for gasoline are $4.99 a station, and some stations charges $6 a g
florida he will win the election. the economy is horrible the world is taking advantage of us. he has to be sharp and on his game. ladies and gentlemen, the one and only donald trump. >> chris: i'm chris wallace. a new jobs report on the first presidential debate. shakeup. the race for the white house. unemployment drops below 8% for the first time in 44 months. both sides say romney budget any wins debate one. with 30 days until the election we will discuss where the campaign stands now. with republican senator kelly ayotte and democratic governor martin o'malley. then a debate guru explains the dos and don'ts when 67 million people are watching. we'll ask brett o'donnell to review what obama and romney did in the first debate and what they should do better next time. plus this week's face-off between the vice presidential candidates. we will ask our sunday panel to handicap biden versus ryan. and we go "on the trail" all right now on "fox news sunday." and h hello again from fox news in washington. big changes in the presidential race this week. the romney campaign was reenergiz
got off the stage, i met this very spirited fellow who claimed to be mitt romney. >> the economy is again the central focus. the new jobs numbers drop the unm employment rate below 9%. >> we have made too much progress. >> a sign of recovery as the voters head to the polls. we cover it all this morning. the policy fight emerging from the debate and the policy. what does the debate reveal about these two men? >>> plus, our preview of the vice presidential debate this coming week. this morning, a special panel. obama campaign senior adviser robert gibbs. former republican presidential candidate newt gingrich. hilary rosen. mike murphy. and nbc's chief white house correspondent and political director chuck todd. >>> and finally, what you haven't heard from arnold schwarzenegger this week. a revealing conversation with the former california governor. he talks politics and his personal failings. >> what would you like your sons to learn from your mistakes? >> i think that they're not going to make the same mistakes. >>> from nbc news in washington, "meet the press" with david gregory.
that the economy is a top issue, you run into a risk of focusing on too many items as opposed to jobs and economic issues. host: there will also be a foreign policy debate coming up on october 22. is this a sort of preview of that debate? will this be a preview for the obama camp to see what they will be talking about, coming up? caller: it will be a chance for governor romney to do a preview, yes. the thing that i think occurred many times before, romney camp -- came out and named a lot of these things fairly forcefully. from what we saw yesterday, this will be an even stronger reputation of his view on those issues. getting out on the campaign trail at these paul ryan events, particularly when it comes to the issue of things like foreign aid and how this country deals with the resources when it comes to other places, we do not exactly see that relationship being reciprocal. it is something that has gotten a surprising amount of attention on the trail over the last few weeks. it could be an area where the mitt romney campaign is looking forward as they decided to hold this speech. host: one piece
of what you said very is the truth, but that is neither here nor there. >> on jobs, when the economy -- president said the economy created 5 million jobs, is that true? >> i do not know. these numbers are so squishy, it is not 100% clear to me who is right about jobs. when i know is what they were saying on friday morning when they released those numbers. for the first time, more people who were out of the work force were getting jobs, and that is news. >> it is also import to keep in mind who has been hard hit by the economy. largely younger americans, african-americans, and hispanics. either those who would not vote or are supporting president obama. so i think you have got a pool of swing voters out there who are actually doing better by now in this economy than many people. >> let us talk about entitlement. >> if you are around 60 or older, you do not need to listen any further, but for younger people, we did talk about what changes are occurring. >> if you are 55, you may want to listen. this will affect you. >> this is the debate over congressman ryan's plan to turn medicare in
. euro zone leaders will try to nurture the spanish economy through the troubled banks. first on the list will probably be a bailout for the spanish bank. greece is also a big worry. the european central bank on the ground but in a report card together. they cannot seem to come to agreement between the lenders about the next round of cuts to greece, which could delay the next round of bailouts for the country. the next question is can the country afford a waiting game? >> among issues is the progress for 2013. it's been relatively ok, because most of the items have been approved by the troika. so much of the additional services measures of $13.5 billion, now they look more less set. nevertheless, we need some further write-down of greek outstanding debt burden. if the imf or to participate in the program, then it would need sustainability. the forecast for the economy for the next year, the debts are not sustainable. >> i want to take you back to the mergers and acquisitions story regarding china. we hear the term "trade war." >> some say that it's kind of smells of that. given the global
gingrich, this is really about the economy. new jobs numbers came out on friday. are they a game changer in terms of how people perceive the economy? this is "the washington post" front page. certainly not something that the romney team wanted to see. the line graph showing 7.8% unemployment when obama takes office in january 2009. here we are in september of 2012. lowest since he took office. does this change anything? >> sure. i think it was a significant help to the president. imagine it came out at 8.2 following that debate. people would have entered this weekend saying that's close to the end. so i think it's part of the whole process. this campaign will go down to the end, i think. it's going to be one of the most interesting campaigns in american history. and i think you're going to see it go back and forth some over the next week. on the other hand, friday, the international monetary fund said probably no recovery until 2018. and that's a very sobering number. >> robert gibbs, it is particularly weak. you have 40% of those who have been out of work, out of work for six months or
the a but. manufacturing has contracted for 11 straight months, and the economy is flat line right now, so they have a predicament where they bought much too much. gerri: one of the biggest threats to the u.s. economy now is china's economy. i want to change tax a little bit and talk but mitt romney. he had an impressive delivery today on foreign policy. a big speech. here's what he had to say. >> the president is fond of saying that the tide of war is receding, and i want to believe him as much as anyone else. when we look at the middle east today with a run closer than ever to nuclear weapons capability, with the conflict and syria threatening to destabilize the region and with violent extremists on the march and with an american ambassador and three others dead, likely at the hands of terrorists. it is to the rest of conflict is higher now than when the president took office. gerri: does he have that right? >> i think he absolutely does. i have been waiting 25 years for the speech. romney david. he was channeling reagan, harkening back to the notion that america uses our economic power
in just moments to explain all of this and to give us a perspective on the economy going forward. on wall street, stocks finished the nasdaq down about 13 points. for the week, both the dow and s&p up 1% while the nasdaq posted a fractional gain. as i reported, the september unemployment report did come in at 7.8%, down from 8.2%, 114,000 jobs, 10,000 of them government jobs. unemployment is 15% with 23 million americans still unemployed, under employed, or having simply given up looking for work. crude oil dropping again on concerns of slow economic growth. crude oil down a dollar 83 under $90 a barrel. for california, prices statewide for gasoline are $4.99 a station, and some stations charges $6 a gallon. others shut down because of gasoline shortages. nationally, the price of a gallon is now $3.79. good news, however, exxon reporting its refinery in california is back up to full operating capacity, but the chevron is still not at full capacity. we are joined by the former congressional budget office director, the of the american action forum. doug, good to have you with us. i never he
in the district for 27 year scption my two daughters grew up and i am running because i want to grow our economy, make our streets safer and keep our families here, and have been on the school board as a president for eight years now and we turned the school district around to improve test scores and more fiscally accountable and this is what i bring in. i am a consensus builder. i work with people to find results and get results and i have been effective as elected official for eight years and i will bring that into the board of supervisors. thank you very much. >> i am bob squarey. i live in san francisco. the 49ers were founded in 46 in my honor. i want to thank them -- [laughter] i will be given my season tickets up when i leave the city. i had them for over 40 years. they're gone but with that said i started two successful businesses in san francisco. i have a childrens' foundation "one children at a time inc." and did jobs around the world and every nickel i raised go to helping the kids. i will bring a strong budget control initiative to san francisco and i will show it by openin
's mostly about the economy. >> i'm going to agree with jonathan here. this is an election certainly about the economy. when they go into the voting booths on voting day, it's about the economy. i think romney has the opportunity here and needs to take it. to link obama's economic policies with his foreign policies, i don't think he should go after romney on the philosophical differences between his foreign policy and obama's. frankly, it's hard to figure out what obama's foreign policy philosophy is. he needs to talk about broken promises and incompetent and link the broken promises and incompetent and the foreign policy to those in the economic policy. i thought the speech today was good. it gave the right and his supporters some red meat. they like to hear things like leading from behind and all of that, but i hope he saves up some ammo for the foreign policy debate and lays out an argument we've talked about of criticizing obama's foreign policy from the left. what do you think about that, john that? >> i think there are places where that's do y-able where yo can criticize it from the
is this -- or is this a larger statement about the economy as a whole? >> well, i think it has a little less to do with the economy and a lot to do with production. there's some riding going out, and there's rumors that it's going to cause all kinds of production problems. heading into the christmas season, that can't be a good thing for apple, and that's really why it was selling off so big. don't be shocked if we see some buying tomorrow. there are a lot of people taking off today for columbus day, um, so, you know, i'm not going to put too much stock in kind of apple's move or the market overall -- david: although it traded down at the end of the day. i've got to tell you, it traded down below 2% going into the end of the trading day, so that's not a good sign for the beginning of tomorrow, is it? >> not at all. off almost 10% from the highs. but, you know, tomorrow we'll see whether the big institutions step in and start buying. you know, this is one of those weeks where there's really not a lot out there, right? we've got the vice presidential debates, we have little economic news. we do have
'm not an eternal optimist. i think this is all perfectly fair. >> is the economy getting worse? is it getting worse? >> yes, yes, yes. it's getting worse. absolutely getting worse. >> 7.8%. >> look, worldwide, larry, the velocity of money is dead. >> what does that mean in. >> there's no turnover. this unemployment number that the optimists hailed at great at 7.8% lifted by part-time workers. >> no one said it's great. this is important to both of you since you are both in this camp with respect to the federal reserve. you can make the case -- i don't want to get too wonky and bore our viewers, but you can make the case that the federal reserve by doing what it's doing is simply offsetting the decline in monetary velocity. if they hadn't done this, but -- >> you're not fooling corporations, though. there's no capital formation. that's why no one is hired. the male participation rate in the labor force is the lowest since 1948. >> would it be high fehr the federal reserve -- >> yes. absolutely. >> we had a strong dollar since the plaza accord in '85. >> well, look aat athe job -- >> thank ronald rea
this speech is about. that's the big choice that the american people have on the economy. you've got these crippling deficits, anemic jobs. you've got romney's plan to reverse that. on foreign affairs, you've got a failed foreign policy. yes, they've done more drone attacks, which is good. yes, osama bin laden is dead, which is good. but whether you deal with russia, china or throughout the broader middle east, you have a disaster. we saw that in the killing of the american ambassador in benghazi and a fundamental misunderstanding. >> i want to get to some other issues. i want to get to larger question, which is what is a romney foreign policy? what is going to be different about it than president bush's? less sort of the quote unquote freedom agenda? >> what you're going to have is a foreign policy that's been in the bipartson tradition of strength from kennedy and beyond. one that believes you need a strong economy. you need to have leadership. america's better off and the world is better off when america leads as "the washington post" editorial said today. there's a vacuum in syri
economy here in san francisco and as i do that, i always have to think about what to say that mary hasn't already said about it. and if you look at the real estate economy generally in our nation, and the fact that it is still soft. that we still need more jobs. that there is a recovery, but it's a slow recovery. you can't do that without thinking gee, will i sound like a politician for one or the other major political parties? and so i will steer clear of that and focus instead on san francisco and maybe we're living in a bubble, but it's a pretty wonderful bubble to be living in. the real question is the resurgence of real estate we're seeing now, is that sustained growth? is that just, you know, for the moment? but as i look at it, we're putting in place an awful lot of things that shape what our city looks like in the future, how our city operates, how we interact with our city. as i started to think about that, i thought, you know, the number of major infrastructure projects going on in our immediate region now are probably -- there are probably more dollars and energy going int
do well. that is different than it is economy where we punish people for doing well. i wish the president's economic policies are based on that premise and clearly they are not he said we need a 100,000 new teacher classroom is it the responsibility of the federal government to hire teacher a local school board? your schools are your responsibility in your community and state. there is nothing in the federal constitution that said the federal government ought to hire teachers for you. if you think you need more teachers hire them in your local level and let your school board decide who they are and what they teach. it was not just what the cand date said that made the difference body language that spoke volumes. you can see the difference. mitt romney spoke to the president and looked at him. unfortunately, the president never looked back and as you can see through most of the debate people who watched it were stun tod see the president seemingly unable and unwilling tine look at his opponent mitt romney. he looked down and around. i think he was looking for the exit. i am p
country, and that is jobs in the economy. congressman murphy doesn't have a plan. yes not put a plan fourth to address these issues. you can look online and see exactly what i plan to do. they now have a track record of creating jobs and adding to the economy and they know i'm going to take that skill set to washington in a congress where we have so few business people who come from the private sector. blacks why can't the press come along and monitor this -- >> why can't the press, along and monitor this question are >> the press does come along. >> this campaign is about the people of the state of connecticut. i ran into a guy just a couple of weeks ago, and out of work painter and he wants to know the differences between linda and i between how we're going to put him back on the job. they're big differences. when the's plan is focused on giving herself a $7 million tax cut and hoping that trickles down to people who need help. my plan is focused on investing in the people of this state and funding our schools and building roads and bridges and we recognize the strength of our nati
the election, regardless of who should win, the broader u.s. economy does move forward? if we can get the u.s. economy out of second gear, we have seen the broader housing market turn and we're beginning to see the foundations of some job-growth. if the economy can pick up more broadly, what that would mean for san francisco, given the foundation that we have set for us today? clearly looking forward we think the physical boundaries of what is downtown will change. the type of space the tenants want will change. we think that this is a very good time for san francisco. we live in an exceptional time. and i'm going to paraphrase ever so slightly, but as jerry speyer would say, don't screw it up. [ laughter ] i feel very fortunate to work in this environment, to work for a great company and most importantly to get to work with all of you everyday. thank you very much. [ applause ] >> thank you, carl. now we're going to move from the talk about the tech explosion to one of our most significant economic generators, which is the hospitality industry and i think we're going to have some breaking
but the question remains how and when the economy will start to get in gear again especially in countries like spain, italy, and france. it is why the introduction really did not inspire on the stock trading floors this monday. >> we will have more on the implications later in the show with reports on portugal and greece. for now, a closer look at the market numbers. the dax 1.5% down. stoxx 50 closing at 2496. the dow is down just a tad. the euro is trading to $1.2966. consolations between china and the u.s. have seen better days. the u.s. has released a report saying that americans have -- should not do business with communications companies. >> the report follows an 11- month investigation into two companies. >> legislators in washington fear foreign telecom companies could pose a threat to u.s. national securit. it says firms could use their business in the u.s. to install software to is by an ounce -- spy on u.s. infrastructure. they named two companies and they believe they should be wary of huawei and zte. the two companies deny the allegations and have the support of the chinese govern
Search Results 0 to 49 of about 208 (some duplicates have been removed)

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